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Hello! I need help with the following: The information below relates to the Cash account in the ledger of Vaughn Company. The September bank statement
Hello! I need help with the following:
The information below relates to the Cash account in the ledger of Vaughn Company. The September bank statement shows a balance of $16,802 on September 30 and the following memoranda. At September 30 , deposits in transit were $4,640, and outstanding checks totaled $2,573. VAUGHN COMPANY Bank Reconciliation $ Prepare the adjusting entries at September 30 , assuming (1) the NSF check was from a customer on account, and (2) no interest had been accrued on the note. (List all debit entries before credit entries. Credit account titles are automatically indented whenStep by Step Solution
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